Welcome to Mint live blog. Track this space for latest news and updates on stock markets. Oil prices rose over $1 a barrel on Monday to their highest in more than a month, supported by ongoing output cuts and signs of gradual recovery in fuel demand as more countries ease curbs imposed to contain the spread of coronavirus.
Brent crude was up $1.19, or 3.7%, at $33.69 a barrel by 0240 GMT. The US West Texas Intermediate (WTI) crude gained $1.26, or 4.3%, at $30.69 a barrel, after rising to its highest since March 16.
The Dow Jones Industrial Average rose 60.08 points, or 0.3%, to 23,685.42, the S&P 500 climbed 11.2 points, or 0.4%, to 2,863.7 and the Nasdaq Composite added 70.84 points, or 0.8%, to 9,014.56.